MUFG wins a number of accolades at the TXF Awards 2019

MUFG was named winner of a number of accolades at the annual TXF Global Export, Agency and Project Finance awards, held in Berlin.

The annual award ceremony for those working in the Export Credit Agency (ECA) sector aims to recognise 10 notable deals that have taken place in the last 12 months.

MUFG won in a number of categories, which included:

Overall ECA finance Deal of the Year: DUQM refinery - MUFG acted as one of the Mandated Lead Arrangers for this transaction, the first venture of its kind and the largest project financing in the EMEA region in 2018.

Best ECA-backed Oil and Gas Deal of the Year: TAP – The Trans Adriatic Pipeline was the largest project financing deals for European infrastructure in 2018, offering a new source of competitively priced gas which marked a key shift away from Russian oil and gas dependence. MUFG was one of 16 banks to be involved in this winning transaction.

Best ECA Telecoms Deal of the Year: Reliance Jio Infocomm - This tightly priced $1 billion ECA-backed loan was financed to fund the expansion of a pan-India 4G network, with MUFG as one of the Mandated Lead Arrangers.

Best ECA-backed Renewables Deal of the Year: Hornsea 1 - This transaction gained recognition for its Global Infrastructure Partners' EKF-backed acquisition loan for a stake in the Hornsea 1 offshore wind project in the UK, which introduced a new asset class to institutional investors and held significant construction risk. MUFG was one of the Mandated Lead Arrangers for this deal.

Speaking of these successes, Olwyn Buldhoo, Head of ECA Finance said:

"It has been a defining year for MUFG's ECA team, and the increasing collaboration between divisions within the business has resulted in a successful result for these transactions that everyone worked incredibly hard on. It is fantastic to be acknowledged by TXF for these achievements and we can hopefully continue to build on this success over the next 12 months."